Who Should Attend

This course is designed for those individuals within Pharmaceutical, Biopharmaceutical, Medical Device and related industries who need a greater understanding of how financial issues impact the corporate decision making process. Those who require an understanding of costs, profitability, and the financial consequences associated with the day-to-day business decision-making process will benefit from this two-day course.  Prior participants have included individuals from:

Learning Objectives

This course has been developed to provide a greater understanding of how financial decisions affect the daily operations of companies involved in the pharmaceutical, biotech and medical device sector.  Course content is intended to assist those with limited exposure to financial issues, but will also provide a fresh perspective for those with some experience.  Attendees will gain a good overall understanding of the role that finance plays in the corporate decision making process, as well as, the interrelationship of the various functions of the business and their influence on bottom line profitability.  Participants will be able to:

• Better understand the financial implications of business decisions
• Link R&D, operational, manufacturing and production issues with financial metrics
• Understand the most commonly used financial statements
• Increase their knowledge of how the intricacies of the market place affect the decision making process
• Make better financial decisions when developing operational strategies and increase their ability to influence the company’s decision making process

Course Description

The content of this course will give each attendee a comprehensive introduction to business and finance.  It covers the basics such as where cash comes from and how it flows through and leaves the business, the criteria required to make capital investment decisions, and how the business knows when it is successful in meeting strategic objectives.  Real life business situations are introduced that directly reflect company specific performance and provide participants with an opportunity to apply new skills.  The course director employs an interactive style, which will engage the participants and provide a lively atmosphere.

View Course Agenda

 
Past Participants' Comments:

“The course director was excellent.  He translated complicated concepts into readily understood and useful terms.  I now will be able to understand what people are talking about.” 
Herb K., Sr. Manager, Steris Corp.

"I’ve taken similar courses on the same subject matter…this was the most useful.  Clear, real-life applications and the materials were presented clearly."
Carole R., Manager, Bristol Myers-Squibb

“The material was presented in a very understandable way.  Great examples and lessons.  I will be able to use a lot of what I learned to be more effective in my job.”  
Michael G., Operations Manager, Biopharmaceuticals, Chiron Corp.

"I really enjoyed carrying out the exercises as they helped make the material practical and not theoretical.  The flow was very good as well, the pace was very comfortable and reiterating complex sections was very helpful."
Jill K., Senior Project Manager, Patheon
 
"This was an excellent course.  So much meaningful info delivered in a way that I could absorb and apply it as soon as I return to the office.  The Course Director is a wonderful communicator!"
Jan K., Director, National and Strategic Alliances, Elekta, Inc.
 
"An extremely well organized course!  Excellent job.  The course instructor was very knowledgeable and very engaging."
Reinhardt H., Director, Merck AG
 
"Knowledgeable, patient instructor.  The Program was very well designed to include practical take home messages.  The meeting facility and personnel were outstanding!"
Charles M., Global Medical Director, Abbott Labs
 
"I really enjoyed this course.  It gave me a lot of insight into my current job and helped prepare me for the next level of management."
Director, Global Marketing, Wyeth
 
"I thoroughly enjoyed this class.  It provided me with a good foundation for understanding accounting and finance terms that I get exposed to in my job.  This course was laid out in a very logical manner and there was plenty of time to ask questions and interact with other attendees.  Another benefit was that all the attendees were from the pharmaceutical industry.  It was a pleasure and I would not hesitate to recommend this to my colleagues.  In addition, the facilities were superb."
Annette M., Manager Analytical R&D, Teva
 
"This course was very useful for me.  I will recommend it to others."
Hernan S., Manufacturing Manager, API Industries

"I really found the course extremely helpful in bringing many things to light that I have been exposed to in meetings, but did not understand how the calculations were made."
Barb T., VP – Sales, SCA